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the chairmen write a budget that balances that would make this economy much better. and i thank the chair and will yield the floor. the presiding officer: under the previous order, the clerk will report the amendments that are in order en bloc. the clerk: the senator from nevada, mr. reid, proposed amendments en bloc for mrs. murray, amendment number 433 for mr. hatch amendment number 297, for ms. stabenow amendment number 432, for mr. grassley amendment number 156, for ms. mikulski amendment number 431, for ms. ayotte amendment number 158, for mr. cruz amendment number 202, for mrs. murray amendment numbered 439, for mr. crapo amendment numbered 222, for mrs. she haoepb amendment -- shihan amendment number 438. the presiding officer: the senator from washington. mrs. murray: mr. president, i want all of our members to understand that the second amendment that we will be voting on tonight is the ryan budget. there seems to be some resistance among my republican colleagues in bringing up the house republican budget for a vote, and it's pretty easy to see why that is. last year's house repu
we all want to go. wwe want to have a growing economy, weal we want to deal with our deficit. these are challenging, complex goals. we can get there. even the action of this body last night in passing the fyn.2013 appropriations bill shows we can cooperate together and with the thousands get there. it is my hope that that will inspire us going forward. the question is this: we all agree that what has been done thus far in the area of deficit reduction equates to about $2.4 trillion of deficit reduction that has been done by the last congress, including the deal on the bush tax cuts that were made at year end. $2.4 trillion of deficit reduction over the next ten years. and all also agree that $is.8is- that $1.8 trillion was gutting expenses and a little more than $600 billion of this was revenues achieved through the year-end bush tax cut deal. so everwhelmingly what has been done thus far has been in spending cuts rather than new revenues. it is very important for us to know that. it is very important for folks to realize that democrats are willing to make are hard calls abo
company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes life. norfolk southern. one line, infinite possibilities. neil: government officials say they want to clean up the tax code. to make a very serious point, the government is looking at a uniform internet tax. when we were told would never happen. on top of the other taxes that we were told would never happen. this federal internet tax, i am telling you, get ready for it. it i coming soon. charles payne and melissa francis they do not expect it to stay at the levels for long. it is here, the question is whether europe starts low and high. >> you are right, it opens the gate to that. but it makes you very nervous. one of the things about buying online is that a lot of the ti
by foreign media organizations. i think there are two main concerns. first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we would require an international environment of lasting peace. even if china becomes stronger, we will not seek edge me. because we have learned from our own experience in the modern period that one should not impose on others what he himself does not desire. this is an article of faith for us. [speaking chinese] [speaking chinese] [speaking chinese] >> translator: let me underscore here that china has an unwavering commitment to peaceful development. we also have an unshakable determination to safeguard our country's sovereignty and terri
when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things thamatter. gotcha. that's powerful. verizon. [inaudible] >> keep up the good work. >> thank you. neil: if jimmy fallon does get "the tonight show" and it does come to new york, the joke ultimately could be on businesses already in new york. because andrew cuomo's new budget would give this show a huge tax break
tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painstaking work of putting right what went so badly wrong. and together with the british people we are, slowly but surely, fixing our country's economic problems. we've now cut the deficit not by a quarter, but by a third. we've helped business create not a million new jobs, but one and a quarter million new jobs. we've kept interest rates at record lows. but mr. deputy speaker, despite the progress we've made, there's much more to do. today, i'm going to level with people about the difficult economic circumstances we still face and the hard decisions required to deal with them. it is taking longer than anyone
when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness [inaudible] >> keep up the good work. >> thank you. neil: if jim fallon does get "the tonight show" and it does come to new york, the joke ultimately could be on businesses already in new york. because andrew cuomo's new budget would give this show a huge tax break for moving into the big apple. other companies are saying, hello, what about us, we have been struggling in the big apple and have not left the big apple. we have been supporting the big apple. why not give us a break for sustaining the big apple? sporting-goods ceo mitch mundell is one of them would he think. >> i applaud the governor. it's going to create jobs. it is all about job creation. you know better than everyone. >> it will bring people to new york, hire more people for the hotels and restaurants. >> i think he will be tremendous. at th
insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion euros and they were trying to come up to reduce the original size from 17 billion euros. the other thing to keep in mind, by taxing depositors they're taxing a lot of foreigners and a lot of russians who had kept their money. the thing is will the rest of europe, will small depositors across the rest of europ
and howard ward. >> economy is getting better, capital chase returns and stocks continue to trend higher although there's profit taking here and there. >> okay. we'll take that to the bank. the key question about europe. it's all about credit quality. >> who do we have to worry about? >> spanish, italian and greece. >> you're very worried. >> people have to start doing their work. europe never did the work of fixing bank solvency in the first place. >> gentlemen, thank you for being here. >> happy monday. >> that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." ♪ ♪ ♪ ♪ >>> welcome to the last week of the first quarter. good morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee and jim kraker. futures reflecting the relief of the cyprus deal. a similar picture in europe where the italian tenure is now below where it was before those italian elections and a mixed picture in asia this morning. the nikkei up about 1.5%. the road map begin with the eurozone that did not collapse over the weekend so natura
. let's take a pause to digest all of what's going on. >> there are two economies here. kb homes, lennar, sherwin williams, whirlpool. there is the economy defined by fedex, by caterpillar and this morning by yorele cal. i was on the call last night. the cisco downgrade today. this dichotomy is allowing i think bernanke to not have to taper off. at the same time it calls into question how weak is that international market. seems very weak. >> did we get largely what we wanted from the fed yesterday? there were no big surprises within that. >> no. i think that was the point to not have any big surprises. i think there was a poignant moment yesterday that i think wasn't talked about enough where someone asked imputedly, i felt, because ben bernanke deserves better -- do you know anybody that's unemployed? do you note price of a gallon of milk? he came back, yes, i have a relative on unemployment. he's going to get unemployment down then we'll talk about tapering. until then we are playing a parlor game with the fed. i believe bernanke when he says these things. >> there's no reason to beli
stuart: the highlight reel. all about cyprus. cyprus, they'll out approved. >> the economy is likely to get worse. >> continuation of stealing what has already been stolen. they will not be happy. >> they are devastated. that is not what cyprus is or ever was. >> europe does not have the mechanisms in place that the united states has to manage a currency or a banking system. >> watch the euro. that affects all of us. stuart: italian banks have been halted in trading. charles: yes. stuart: why? charles: they are worried. these stocks are plummeting. stuart: the dutch finance minister said the cyprus situation is a good template for other european countries. they have reached into private bank accounts, taken the money out and used it to finance the bailout. that is what everybody wanted to avoid and now the dow is down 43 points. >> that italian banks are frozen because now the fear is they will have their money taken out. stuart: the dutch minister is now staying this could prompt a euro zone bank restructuring. that is why the dow is now down 46 points. you have a 80-point
the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mtch saying my goodness alec, for this mission i uraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. [inaudible] >> keep up the good work. >> thank you. neil: if jimmy fallon does get "the tonight show" and it does come to new york, the joke ultimately
setback for chancellor angela merkel, just when she needed a victory with hard-hit eurozone economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is
's economy after a week on the brink of disaster. talks have significantly overrun, adding to fears that the deal is far from certain. we will go live to brussels in a moment. >> president nicos anastasiades left of cyprus behind for a chilly brussels. he is trying to broker a deal with eu finance ministers by monday to secure aid for his beleaguered country. his eu colleagues are demanding the cyprus raise the sum of 5.8 billion euros itself in order to release a rescue loan package. a compulsory levy on savings may be the only answer. but major investors in cyprus's biggest bank, the bank of cyprus, could lose up to 20% of their deposits. not surprisingly, it's an unpopular measure. >> nearly everyone's going to lose some money. of course, the amount will be greater for some than for others. and that's that. >> there is anger at the nation's creditors. >> the germans are only interested in themselves. they don't care about anyone else. >> cyprus's banks have been closed for a week. the european central bank has threatened to cut off the island's emergency funding should no deal be
want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take idea and ke it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalom.com we put the law on your side. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something import
.2948. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations. it will be at capacity for four years. >> of bills meanwhile pride that we epitomize european success. we are working together to create jobs. >> the deal means more than money and well paying jobs. ryanair is a new customer for airbus. they have previously purchased all their planes from their arrival, boeing. >> the western-backed opposition is meeting in istanbul to p ick the new prime minister. the first tasks is creating a cabinet. >> the conflict is expected to escalate further with britain and france say they plan on our main local groups. especially when it comes to political and military priorities, they do
of the economy that are not that strong and i don't know what the sequester will bring in the month of april. >> look, the data say things are better, and i think the fed will be under a lot of pressure because interest rates are headed higher. >> at some point the fed will have to acknowledge that -- and they have -- to your point, they changed the language a little bit. it's a moderate recovery and it's a strengthening recovery. words like that. >> right. >> at some point they're going to have to acknowledge what we all seem to know which is -- they're not great, but things are getting better. now will inflation pick up and that, of course, is the fed's number one mandate. will inflation pick up until we see jobs pick up because wage inflation comes with excess demand from workers. i don't know. that's the big trillion dollar question mark. >> commodity inflation whether it be corn or copper and the strong dollar will contain inflation that's going up a great deal. housing is stabilizing and not really in the numbers. i want to take issue with some of what you said. i think we all think th
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
of the economy is about 18 billion euros, so the banking industry is four times the size of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? where is
is a big concern. china is a big concern. they said china's economy is showing symptoms that sparked the crisis in 2008, the warning and saying they risk financial crisis. obviously, concerns about china. i'm going to stick to the cypress theme and put it together. the vix, fear index popped. you see the 1275 right now, up 17%. at one point, up 13%. right now, let's look at the financials because they certainly reacted. in some cases, dramatically, and the idea of them taxing deposits there. citigroup down 2% and banks abroad hit harder. back to you. >> a full and complete report, thank you, nicole. >> for the bailout proposal, is the tax on bank deposits, and that is sparking outrage and fear that there's going to be a run on the banks there. david, chairman and chief investment officer of dumb beer land as visiers of -- cumberland, and why do you think it's a big deal, david? >> caller: well, the finance ministers, the decision has been announced. the cat is out of the bag. once you open the door to taxing a deposit when you have a liquidity crisis, you can never close the door aga
good performance of the german economy throughout the year. actually, we are forecasting a growth from around 2% quarter on quarter. and this is on the back of very strong labor markets. >> 2% growth in which quarter? >> basically on average. >> over the year. >> no. for the full year, i would have 11%. but quarter on quarter, up around 2%. why is that? very strong labor market, very strong export. i think more importantly, we should look at next month's bmis. the u.s. data came very strong. we should see a strong performance in germany on the back of the exports. >> you could make that argument on the pmi in germany and it was surprisingly weak. a deep contraction in the fourth quarter was going to rebound now called into question. >> i think this will be the growth. but you've seen in the labor market, you've seen hard data, actually, a strong performance of the economy. so we -- i think we should not expect a continuous increasing pmi, a continuous increase in ifo business index. i think the big question is the next one, in my opinion, just what they said, the u.s. bring very strong
can be the linchpin in our economy over here. it's ridiculous. >> right. it should be a smaller problem. they could take care of this in other ways. they could print money or -- >> i'm not going to pick a state here. it would probably be a southern state, but a poor southern state cannot take the down the united states. >> a western state because they're not awake yet. but here we are. out of the 22 -- cyprus? >> you thought greece was small, cyprus is -- >> come on, cypriots? i remember some conflicts. i thought it was a golf course, which would be a much bigger problem to me. >> let's introduce our guest host this morning, kenny dichter, co-founder of avian. why do i always mispronounce it? because you've been b drinking it. >> avione is airplane in french and spanish. >> can we get a full shot of this? he's now the chairman of juicepress. i have been drinking this stuff for the past week, virtually, five days. >> and you know what? your skin tone has never looked better. >> no food up until this saturday. you've been doing this now -- >> 22 days. >> i've made my cleanse zero
the week. the bureau could recover a little bit, despite economic disappointing data. the german economy seems to lose momentum. the ifo index dropped for the first time in a month. emma we stay in frankfurt for a closer look at the numbers. the dax fell just slightly, but bigger losses over the course of the week, finishing at 7911. that is how it went in the week in the euro stoxx 50. let's call it finishing flat. across the atlantic on wall street, the dow slightly higher, 14,496. the euro trading higher at a value of $1.2979. u.s. president barack obama has been in jordan this friday on the final leg of his middle east tour. talks with jordan's king focused primarily on the civil war in neighboring syria. >> obama said he was worried syria could become a haven for muslim extremists -- when, not if president assad is ousted. he urged the international community to work together to make sure there is a credible opposition ready to step into the breach. >> the final leg of barack obama's tour of the middle east will be dominated by one issue. with the conflict in syria on going, jordan
and the people are angry. the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus h
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tightening the money market and the liquidities condition in the economy and where we flexed in the capital markets these days. >> great point. raymond yung joining us. thanks very much. a reminder again that what we're seeing in markets today isn't just about cyprus. it could potentially be that seasonal time of year once again where global sitters come to the fore. >>> straight ahead, find out why our next guest says the bank robbery is nothing more than legalized robbery. ery. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back to "worldwide exchange." stocks falling around the globe with european banks deeply in the red as the cyprus bailout and co
-business lawmakers trying to rescind the letter fearing high-build investors who build the economy will flee to lower tax state. >> the game is rigged. yuf want win. we can change the rules on you after the fact. that is not fair. >> ironically for a tax break design to inven insent vise investment, it's reinforcing california antibusiness reputation. jerry brown issued a statement -- we are reviewing the situation to term how best to help the business owners given court's decision." >> ultimately, the legislature can try to fix it but the bill is still on the governor's desk. >> state he affected taxpayers can request a waiver to hope they lamer out a deal. if the reprieve does not come, the tax man will. >> bret: william la jeunesse in los angeles. thank you. >>> the house has begun general debate on the budget on capitol hill. that discussion will continue in to tomorrow. followed by debate on the proposals by republican paul ryan. alternatives. housing start meantime continue to rise. february's numbers where are behind only december's. as the best since 2008. building permit request reached 4-1/
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. requesa prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. >> at 22 minutes past the hour, i'm arthel neville with your fox news mine. italian president napolitano has reached out to the leader of italy's democratic party to try to form a new italian government. the eurozone's third largest economy has been politically deadlocked since no party won last month's general election. >>> president obama is in jordan, the final stop on his four-day visit to the middle east for talks with king abdullah wi
-through with the israelis and a lot of interesting developments on the growing economy here, the technology sector. we will have jeff goldberg and host of "meet the press" in the united states, david gregory and "meet the press" from here, dana weiss. we have a pretty jam-packed show. >> wonderful. andrea mitchell, thanks very much. >>> the white house is work, on shifting over side of its lethal drone program from the cia to the military. according to the "the wall street journal." the move would make the controversial program subject to international law. strikes would be undertaken with the consent of host governments, while many in washington believe the program will be more effective under the cia, the proposal reflects a growing consensus it needs to be on legal, sturdier footing. yesterday the senate kicked off hearings. senators on both sides expressed concerns over privacy. some members are mulling possible federal regulations. the faa estimates 30,000 drones could be flying in the u.s. skies in the next 20 years and richard haass is shaking his head. it's impossible to consider. >> i think t
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
economy and that europe will do everything that it can to help protect the most vulnerable, but he also says we have unfortunately reached a situation where there are no longer any optimal solutions, so all that is left, he said, are hard choices. whatever happens, even if cyprus days in the eurozone, it will be a tough time for the cyprus people because cyprus and especially the government -- the way the government has been handling this crisis has been criticized by everybody. >> the time table right now is being driven by the deadline by the european central bank. walk us through the next several days. what is on the timetable? case will the cypriot go to the top level of brussels. the president of the european commission and european council have counseled important meetings that were scheduled for next week because they say their presence is required to discuss the case. that already is quite an important signal that everybody is taking the case very seriously, that europe wants to keep cyprus and the european family. in the evening, the cases that we have heard will be discussed b
♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> it's an ipo. it's marin software. the ceo will be on the show later. what do they do? if you hire them, you're a company and they'll make sure that your profile on the internet pops up first when you do a google search. marin software just opened up 41%. now this. >> on what grounds do you-- >> because i predicted that you would not have filled out a ncaa bracket. connell: agree on that. imus: i he see in front of you-- >> what does a man know about basketball when he thinks that duke is going to win? you think that the plumly brothers, miles, mason and marshall would be my guy working for the louisville guys. and beat kansas in the final, 84-82? >> varney is reading this. connell: no he's not, no he's not. stuart: that was on imus yesterday and bracket picks. did you think i convinced anybody i know anything about basketball? >> no. stuart: i new about the plumly brothers and i went on to say i wish we could go back to the days of the fab five from michigan and tim
have the most developed set of economies in western europe that exist and the relationship across the atlantic constitutes nearly one third of world trade. that is why european investment in the u.s. is around eight times that of investment in india and china put together. this basis of its enormous significasignifica nce in today u.s. investment in the e.u. is three times higher than in all of asia so it speaks for itself the potential that exists there. that transatlantic relationship defines the shape of the global economy as well. so it either the e.u. or the u.s. is the largest trade and investment partner from most all of the countries in the global economy that speaks of the centralitcentralit y of the power and the potential for is fair. that is why i am happy from an irish perspective to see the high-level report produced between the e. u. and the u.s. in terms of potential has received a very positive response. i spoke to the president after his re-election and he addressed this matter in his state of the union address and last week the european council gave the theory p
, the people of california care about most right now: the economy. >> 71% of likely voters say getting control of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are looking at a community much better than it was yesterday. we have slow downs obviously. let's take a look at the bay bridge. earlier minor crash. didn't last for too long. but the metering lights were turned on and slowed down for a bit. so it's a little worse than it normally is. backed up to the mc arthur maze. 30-35 minute delay. if there are no other problems on the bridge, this will begin to wind out and by 8:00 see an improvement. this morning's commute has been busy on 880 between hayward and fremont. we're talking about the livermore valley as well. westbound 580 slowing coming in over the pass. but no problems into castro valley. let'
positive force for the economy. it's due in part to a drop in foreclosures and near record low mortgage rates. a decline in the national unemployment rate is also a factor. >>> and harrison ford is hinting that he could be returning to "star wars." as the legendary hans solo. the 70-year-old actor was asked by cnn's chicago affiliate wgn whether he is reuniting with original castmates for "star wars" episode seven. this is what he said. >> i think it's almost true. i think right now i'm looking forward to it. it's not in the bag yet but i think it's happening. >> almost true is how he puts it. so far lucas films is neither confirming nor denying whether the actors will officially make the return. >> amazing. i'd go see it. >> i would. you could see sort of hans solo, harrison ford through the years and such so it'll be interesting to see what roles they play in this new movie. >> be looking forward to it. thanks, lisa. >>> up next, the new jersey governor chris christie is forced to take sides in a heated debate over banning so-called gay conversion therapy. the pressure on the rising g
building. damaging his economy big time pressure on president obama at home all around the world to intervene in some way. carl levin saying saying there should be some kind of surgical air strike. maybe the president should help set up a no-fly zone around syria to pressure assad. the bottom line is the president at a news conference here yesterday said he feels like it's a situation where is he damned if he does, damned if he doesn't. take a listen. >> your question may be suggesting is why haven't we simply gone in militarily? and, you know, i think it's fair to say that the united states often finds itself in a situation where if it goes in militarily, then it's criticized for going in militarily. if it doesn't go in militarily, then people say why aren't you doing something militarily? >> now, there is also the situation i mentioned with the syrian refugees spilling into jordan here. the bottom line is that king abdullah noted that it is now so bad that there is one refugee camp here in jordan that is so large, it is now the fifth largest city in jordan. and he said that giv
to talk about the economy. have a one mention to all voters. well, it turns out the obama way was the successful approach in the 2012 election. >> mark murray, thank you so much. we'll see whether it happens. how the rubber hits the road. >> thank you. >>> coming up, a crowded race in south carolina for the open congressional seat there. there is no shortage. we'll get an update. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can
pakistan leadership struggled with the sinking economy islamic extremist faxes and tensions over drone strikes. >>> mayors against gun violence tellased $12 million in television ad time. the ads airing in 13 key states across the country that the group thinks are divided on gun control. making an appearance on meet the press mayor bloomberg said he has plenty of support. >> this is about the public wanting to be safe on their streets and the public having the right to buy arms and the right to protect themselves and the right to use them for sport, for hunting, but also it is about the public's right to keep guns out of the hands of criminals and the mentally ill. that is in everybody's interest. >> shannon: the comments from mayor bloomberg come as the debate over gun control continues here in washington. earlier this week, senate majority leader harry reid removed an assault weapons ban from the gun control bill he plans to offer saying he didn't have the votes to get it passed. republican senator tom coburn says he doesn't believe the focus should be on keeping guns from law abidin
of middle class cayennes and americans who continue to struggle in the obama economy. >> reporter: and house budget chair paul ryan a few minutes ago called it a good week for house republicans, because he says they are presenting the country a budget that balances in a responsible way. jon? jon: seems like a lot of finger pointing still underway on capitol hill. mike emanuel. >> reporter: i guess. jon: thanks. jenna: a key vote is set to take place on a plan that sees up to 10 percent of some bank goes -- deposits in cypress. it's raising a whole lot of questions worldwide because of the precedent it might set. greg talcott is live in london so, greg, how do things stand now in cyprus? >> reporter: jenna, we are less than an hour to the start of a debate on that plan. reports are that plan has been modified to make it a bit easier to take. the reports again say that there will be no tax or levy imposed on depositors around $30,000 or so but anywhere from 7-10% on all deposits after that. some atms are working on the island nation of cyprus, the banks on that island remain closed. there is t
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